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paztiruyh
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29 Jul 2008 12:49
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29 Jul 2008 12:07
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Dear Friends,
Fresh shorts can be initated on renuka sugars for a target of 118 with a stop loss of 127.3
I gave short call at levels of 540 to 550 and gave a target of 500. It is coming true and I have covered my earlier loses of Rs.20 and in profit now.
HA HA HA.
Regards.
Pazitury...
Fresh shorts can be initated on renuka sugars for a target of 118 with a stop loss of 127.3
I gave short call at levels of 540 to 550 and gave a target of 500. It is coming true and I have covered my earlier loses of Rs.20 and in profit now.
HA HA HA.
Regards.
Pazitury...
28 Jul 2008 10:32
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26 Jul 2008 09:42
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Dear Friends,
Nifty showing signs of exhaustion on its upmove where a two legged doji was seen in yesterdays nifty at resistance levels of 4477. The above reversal of uptrend was confirmed by today\\`s downmove and break of important supports at 4340 and 4320 levels. Stocastics also gives a sell call with a cross over above 80 levels and RSI divergence also indicates clear reversal trend.
To see whether the short term uptrend from levels of 3790 can resume or not, one can take fibonnaci levels of 50% retracement from the previous move of 5299 on 2-5-2008 to lows of 3790 on 16-7-2008 comes at 4540 which was the intraday high on 24-7-2008. Since the short term uptrend could not breach the 50% trend,it signals continuation of the previous trend which resumed on 16-7-2008 to continue.
Thus with all these analysis done by me, it is a clear cut sell signal on the market for a short term downside target of 4210 and if that levels are also taken out, 4010 is on cards.
Moreover, Dow Jones too has signaled weakness on the downside and levels of 11200 is very crucial support. If that is breached, it signals high level of weakness in the global markets. Crude did cool till levels of 5 and it is expected to retrace some portion of its current downmove for short term and I expect levels of 132 to 135 on crude which is also acting negative on the markets.
Negative signals are too expected from RBI to curtail Inflation and results which came yesterday from the biggi reliance industries and others are not upto market.
Since markets are highly volatile, directional call either on the long or short side for too long time is not advisable and only clever traders can make money in this highly volatile market.
Regards.
Pazitury...
Nifty showing signs of exhaustion on its upmove where a two legged doji was seen in yesterdays nifty at resistance levels of 4477. The above reversal of uptrend was confirmed by today\\`s downmove and break of important supports at 4340 and 4320 levels. Stocastics also gives a sell call with a cross over above 80 levels and RSI divergence also indicates clear reversal trend.
To see whether the short term uptrend from levels of 3790 can resume or not, one can take fibonnaci levels of 50% retracement from the previous move of 5299 on 2-5-2008 to lows of 3790 on 16-7-2008 comes at 4540 which was the intraday high on 24-7-2008. Since the short term uptrend could not breach the 50% trend,it signals continuation of the previous trend which resumed on 16-7-2008 to continue.
Thus with all these analysis done by me, it is a clear cut sell signal on the market for a short term downside target of 4210 and if that levels are also taken out, 4010 is on cards.
Moreover, Dow Jones too has signaled weakness on the downside and levels of 11200 is very crucial support. If that is breached, it signals high level of weakness in the global markets. Crude did cool till levels of 5 and it is expected to retrace some portion of its current downmove for short term and I expect levels of 132 to 135 on crude which is also acting negative on the markets.
Negative signals are too expected from RBI to curtail Inflation and results which came yesterday from the biggi reliance industries and others are not upto market.
Since markets are highly volatile, directional call either on the long or short side for too long time is not advisable and only clever traders can make money in this highly volatile market.
Regards.
Pazitury...
25 Jul 2008 17:59
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The war started when u told on losing shirt and pant when adlabs started going up which actually I didn\\`t and I just booked Rs.20 loss per share. But i do appreciate ur kindness now and I too love to share my views and listen other views on the markets and not on their knowledge on rubbish and bad words....
25 Jul 2008 15:26
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Dear Friends,
Short for a target of 4210 on Nifty
Shorts can be initated on Nifty at levels of 4340, Praj at levels of 199, Adlabs at levels of 540, RNRL at levels of 99, Chambal at levels of 73 for a big downside target and cover all ur shorts once nifty touches 4210 on intraday basis.
Regards.
pazitury...
Short for a target of 4210 on Nifty
Shorts can be initated on Nifty at levels of 4340, Praj at levels of 199, Adlabs at levels of 540, RNRL at levels of 99, Chambal at levels of 73 for a big downside target and cover all ur shorts once nifty touches 4210 on intraday basis.
Regards.
pazitury...
25 Jul 2008 15:24
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